Important Quotes by Economists for UPSC Mains | Testbook.com

Enlightening Quotes from Renowned Economists for UPSC Mains

• "In the long run, we are all dead." – John Maynard Keynes
• "Inflation is always and everywhere a monetary phenomenon." – Milton Friedman
• "As soon as the land of any country has all become private property, the landlords like to reap where they never sowed." – Adam Smith
• "Everything reminds Milton of the money supply. Well, everything reminds me of sex, but I keep it out of the paper." – Robert Solow
• "Once one starts to think about them, it is hard to think about anything else." – Robert Lucas on Economic Growth
• "I have never known much good done by those who affected to trade for the public good." – Adam Smith
• "The average quality of the economics department at MIT and Harvard goes up when the least able student at MIT transfers to Harvard." – Paul Samuelson
• "You can see the computer age everywhere but in the productivity statistics." – Robert Solow
• "Although it is not true that all conservatives are stupid people, it is true that most stupid people are conservative." – John Stuart Mill
• "The real problem of poverty is not a problem of distribution but of production." – Adam Smith
• "Fiscal policy, far from being an obsolete instrument, must play a central role in the policy toolkit." – Gita Gopinath

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